Solar Panel Cost Guide in Franklin, NH (2025 Update)
- Franklin Solar Installation Cost: $14,710
- 25-Year Savings: $15,201
- Payback Period: 14.5 Years
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Average Cost of Solar Panels in Franklin
Find out what the average cost of solar panel installation is in Franklin.
Currently, the national average cost of solar panels is $2.66 per watt. However, in Franklin, the average cost of a solar system is 4 per watt.Because a 5.0-kW system is needed to cover the energy usage of a typical home in Franklin, the average price of going solar will be about $14,710 after claiming the federal solar tax credit of 0.
These figures are only estimates, and how much solar costs for you may differ based on your specific situation and what company you want to go with.Even with the large upfront cost, the average Franklin homeowner can save about $19,000 on their electricity bills over 20 years, which is one of the positives of solar.
To receive a free estimate from a pre-vetted solar installer in Franklin, you can click the button below.
Solar savings over time in Franklin
| Year | Return on Investment |
|---|---|
| 1 years | $-13,303 |
| 3 years | $-10,489 |
| 5 years | $-7,676 |
| 7 years | $-4,862 |
| 9 years | $-2,048 |
| 11 years | $765 |
| 13 years | $3,579 |
| 15 years | $6,392 |
| 17 years | $9,206 |
| 19 years | $12,020 |
| 21 years | $14,833 |
| 23 years | $17,647 |
| 25 years | $20,461 |
Top Solar Installers in Franklin
Many homeowners opt for a solar installer since trying to install solar panels by yourself can be time-consuming. Plus, warranties and repairs from your solar panel installer can protect your investment and bring down the cost of maintenance over time.
If you're looking for a solar installer in Franklin, the EcoWatch team has organized a list of our top suggestions here:
See all of the solar companies in Franklin
Factors that Affect Solar Panel Costs in Franklin
Though the average cost of a solar system in Franklin is $14,710, your actual cost may be above or below the average. There are many factors that can have a sizable impact on the cost of a solar system installation. Below are some of the more crucial things to take into consideration.
Solar Equipment
The size of the solar energy system you need for your household, which is measured in kilowatts, is the most important cost factor to consider. For every additional kilowatt you need, your total will most likely increase by nearly $4,220. Some solar brands — like Maxeon from SunPower — cost more upfront but also tend to offer better efficiency. In a city like Franklin, where sunlight isn’t as abundant, efficiency can quickly pay off. In addition, if you have a small roof or you don’t have a lot of space for your panels, higher efficiency options will be more impactful. Additional equipment like electric vehicle chargers and solar batteries will also increase the cost.
Solar Financing Terms
For some homeowners, paying for solar out of pocket can be difficult. Solar loans are available from most installers in Franklin, which can reduce, or in some cases eliminate, your upfront costs to make solar more accessible.When considering your overall cost, you should also calculate the interest you’ll pay if you decide on a solar loan. Also, paying more on your down payment can reduce the total interest paid over time.
Solar Panel Installation Company
The final key cost factor you should keep in mind is the installer you choose. Given the growing popularity of clean energy solutions in Franklin, you’ll have plenty of options to choose from, but each comes at different price points for labor and equipment.The size of the company sometimes plays the most significant role in the cost. Larger national companies, like SunPro and Sunrun, often have lower pricing because of more resources and better pricing. Smaller local companies might be more costly, but they can sometimes have better customer service and more customization options, and the occasional sale or discount can bring their pricing lower to compete with bigger companies.
Solar Panel Cost Data by System Size
| System size | Cost per system watt | Solar system cost | 25-Year savings | Payback period |
|---|---|---|---|---|
| 6 kW | $4.39 | $18,433 | $12,104 | 15.1 years |
| 8 kW | $4.30 | $24,105 | $16,611 | 14.8 years |
| 10 kW | $4.22 | $29,540 | $21,355 | 14.5 years |
| 12 kW | $4.14 | $34,739 | $26,335 | 14.2 years |
| 14 kW | $4.05 | $39,702 | $31,551 | 13.9 years |
| 16 kW | $3.97 | $44,428 | $37,004 | 13.6 years |
| 18 kW | $3.88 | $48,918 | $42,693 | 13.3 years |
| 20 kW | $3.80 | $53,172 | $48,618 | 13.1 years |
How to Save on Solar Panels
The solar company you choose will influence not only your total costs, but also the kinds of solar panel brands, warranties, and other equipment you can get. When choosing a solar company, there are several important things you should take into account, including:
- Solar Panel Brands: Each solar panel brand and kind has varying levels of quality, longevity and efficiency. They will come at different price points as well. The company you choose has an impact on which solar panel brands you have access to.
- Contract: Before you sign a contract with a solar installer, make sure you read it through completely so you understand the terms. Also, ask questions if you aren’t sure about some of the terms, such as what to do if a part breaks or malfunctions and if there are any guarantees about energy production.
- Reputation: Make sure your solar panel installer has a good reputation by confirming it has certifications and licenses, checking how long it's been in business and reading reviews by previous customers and solar experts like the EcoWatch team.
- Installation Process: Make sure you’re on the same page with the company with regard to how the installation process will go and what needs to be done before your solar panels are installed, such as updating your electrical system or roof.
EcoWatch's Franklin, NH Solar Cost FAQs
What is the average cost of installing solar panels in Franklin?
The average cost of solar panels in Franklin is about $21,100 for a 5-kW system and $42,200 for a 10-kW system before the ITC, but the actual cost will depend on stuff such as the model of solar panels you want, what size system you need and how much energy you consume.
Can you get solar panels for free in Franklin?
A solar panel system isn’t free in Franklin, but there are some options that can make getting them more feasible, such as leasing solar panels or getting a solar loan. There may also be local programs or incentives that can further reduce the cost.
How will installing solar panels impact my home value?
Solar panels can increase the value of your home remarkably as long as you buy or finance your panels and don’t opt for a solar lease or power purchase agreement (PPA). According to research done by Zillow, the average home value increases by about 4.1% after installing a solar system."
How often do you have to replace solar panels?
Although the average lifespan of solar panels is 25 to 30 years, that doesn't mean they should be disposed of at that time. What this means is the amount of energy they produce will have decreased significantly after that point. You can replace them after having them for that long or you can continue to use them at a lower efficiency.
Our goal is to reach as many people as we can with sensible solutions like solar energy. Our team of full-time local researchers collects solar price and installation data for every city in America then compiles it to create these digestible city guides. If you want to read our solar expert's opinion on the top solar companies featured here, follow this link.